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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| American Express Company | NYSE:AXP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -2.03 | -0.87% | 232.00 | 235.14 | 231.23 | 233.22 | 4,166,636 | 01:00:00 |
From May 2022 to May 2024
By Will Feuer
American Express Co. said it plans to boost its quarterly dividend by 15% after issuing better-than-expected guidance for 2023.
The New York City-based credit-card company said on Friday that it plans to increase its dividend to 60 cents a share from 52 cents a share, starting with the first quarter this year.
The new dividend payout, equal to $2.40 a year, represents an annual yield of 1.5% based on Thursday's closing price of $155.88.
Shares rose almost 5%, to $163, in the premarket session Friday.
The dividend boost comes as American Express issued 2023 revenue and profit guidance that beat Wall Street expectations. However, fourth-quarter results fell short of analyst estimates as the company set more cash away to cover potential credit losses.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 27, 2023 07:38 ET (12:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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